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Stock impact report

Jay-Z's Marcy Venture Partners Nears Deal With Pendulum Arm [BNN Bloomberg (Canada)]

Oatly Group AB - American Depositary Shares (OTLY) 
Company Research Source: BNN Bloomberg
A merger between the two California-based entities is close to being finalized, the people said, asking not to be identified discussing confidential information. Representatives from Marcy Venture Partners and Pendulum declined to comment. Marcy Venture Partners was co-founded in 2018 by Jay-Z, 54, along with Jay Brown and Larry Marcus. Marcy is a nod to Brooklyn's Marcy Projects — where Jay-Z grew up. It has invested in companies including a startup that makes vegan chicken nuggets and Swedish oat-milk maker Oatly, as well as joining a funding round with Katy Perry and Serena Williams for Impossible Foods Inc. Describing itself as a “consumer & culture” investor, the San Francisco-based firm has also backed Rihanna's lingerie line, a crypto-security firm, a phone-case maker and an electric-bike manufacturer, among others. Read More: Jay-Z's Marcy Venture Partners Adds Simulate to Raft of Bets Pendulum was co-founded in 2019 by husband and wife Robbie and D'Rita Robinson, a Show less Read more
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